Forex Trading

Forex Trading

Before you do anything with Forex, please read this easy to read  E-Book once understood... follow the 10 Basic trading Rules.

Revised December 12, 2009 By Alex E. Campain
From:Alex Campain
To: First Global Enterprise Inc. FGE

The 10 Basic Trading Rules

1.Always buy/sell high approximatley between 5-9 p.m Recommended buy/buy in the mornings; 80% of the time the market will be low in the morning..Good Cnditions to purchase a BUY

2.Always TRY to buy/buy low or buy/sell high if the market is in between the lows and the highs of the day and you want to enter the market make sure to pay attention to the resistant points.

3.Never buy in between if you do make sure to figure out the resistant points

4.When getting ready to buy high or low always wait to see if it remains a constant resistant point
 
5. Never purchase a buy or sell when the market is moving high or low wait until it slows and reaches a resistant point.

6. When Leaving the screen always have stop/limits open with the current value  Indicated in rule number 7

7.when selling/buying apply stop/limit values low 40/40 low/max 50/50, max 50/50 apart both ways down or up

8. In the morning it is usaually low NOTE:(Not Always) approximatly 80% of the time and it usually climbs during the day stopping around 12-1 at night A.M

9. Always take notes on where the numbers/line charts,ticker reaches their reistant points or bounces .

10. Always look at the high and low margins at the left always have several trades open very low when buying or very high when selling 1 dollar per thousand invested split up into .50 cents per pip, always be ready to buy or sell at a certain level if you purchase a trade at a resistant point and it happens to go down or up purchase another  trade at the new resistant point this is the Campain step or ladder technique, this gives one a "I don't care which way it goes attitude" which builds confidence....Always purchase a buy/buy on Fridays 2 minutes before closing that's when everyone is "pulling out" of their trades; so it is a good time to buy/buy or purchase a buy; Because on when the market opens on Sundays "all traders are getting back in" 

Disclaimer:We cannot guarantee your success in Forex with these 10 basic trading rules do to the markets versatility and flucuations, these rules are intened as a guide only. Your results will depend on the market situation and wolrdly events, factors which are beyond our control.

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